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<blockquote data-quote="kingOFchester" data-source="post: 1195172" data-attributes="member: 11246"><p>Year one, UPS will be paying 3 billion for the first year of health benefits.</p><p>By year 5, UPS will be paying "close" to 4 billion in that year for our health benefits.</p><p></p><p>3 billion to 4 billion over 5 years is about a yearly increase of 5.9% depending on how close to 4billion that year 5 contribution will be. My guess it is calculated at 5% which brings year 5 to 3.8 billion. </p><p></p><p>Another words, if health care cost rise more then an average of 5% a year, we are screwed.</p><p></p><p>Kaiser Family Foundation states that healthcare costs have gone up on average 4.2 percent per year from 2008 to 2012, do to the slow down in the economy. If the economy picks up, which it is, the average cost of healthcare could rise by an additional 3 points per year. </p><p></p><p>That would put us over the UPS increase in contributions by as much as 2 percentage points putting us at a deficit of about half a billion dollars. Some where in the neighborhood of 1500 dollars per person depending on whether that would be distributed between just UPSers or everyone at Teamcare.</p><p></p><p>Numbers never lie. The future is uncertain, and UPS has just secured their future healthcare cost by having a defined healthcare cost for the next 5 years.</p></blockquote><p></p>
[QUOTE="kingOFchester, post: 1195172, member: 11246"] Year one, UPS will be paying 3 billion for the first year of health benefits. By year 5, UPS will be paying "close" to 4 billion in that year for our health benefits. 3 billion to 4 billion over 5 years is about a yearly increase of 5.9% depending on how close to 4billion that year 5 contribution will be. My guess it is calculated at 5% which brings year 5 to 3.8 billion. Another words, if health care cost rise more then an average of 5% a year, we are screwed. Kaiser Family Foundation states that healthcare costs have gone up on average 4.2 percent per year from 2008 to 2012, do to the slow down in the economy. If the economy picks up, which it is, the average cost of healthcare could rise by an additional 3 points per year. That would put us over the UPS increase in contributions by as much as 2 percentage points putting us at a deficit of about half a billion dollars. Some where in the neighborhood of 1500 dollars per person depending on whether that would be distributed between just UPSers or everyone at Teamcare. Numbers never lie. The future is uncertain, and UPS has just secured their future healthcare cost by having a defined healthcare cost for the next 5 years. [/QUOTE]
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